While a number workers’ compensation reform bills have made progress in the Oklahoma legislature this year, proposed measures that would have privatized the state agency that serves as the workers’ compensation insurer of last resort have not.
Rep. Dan Sullivan, R-Tulsa, said he hasn’t given up on the plan to privatize CompSource Oklahoma, though. Sullivan told the Associated Press that a task force formed in 2009 to look into privatization will continue to study the idea as well as ways to make CompSource more competitive with private insurers. Task force members last year were divided on whether to sell or mutualize CompSource.
Sullivan said he will urge lawmakers to make it easier for state agencies and other CompSource customers to secure private workers’ comp insurance and require CompSource to bid competitively against private insurers. He also said CompSource should be regulated by the state insurance department like private workers’ compensation insurers.
Attorney General Drew Edmondson, a Democratic candidate for governor, said he opposed selling the agency, as did Jason Clark, CompSource president and CEO.
“CompSource has proven to be a strong economic development resource for Oklahoma businesses,” according to Clark.
Topics Workers' Compensation Oklahoma
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